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Invesco QQQ is an exchange-traded fund based on the Nasdaq-100 Index. The Fund will, under most circumstances, consist of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The Fund and the Index are rebalanced quarterly and reconstituted annually.
Invesco QQQ Trust trades on the NASDAQ stock market under the symbol QQQ.
As of January 7, 2025, QQQ stock price declined to $515.18 with 30,164,621 million shares trading.
QQQ has a beta of 1.41, meaning it tends to be more sensitive to market movements. QQQ has a correlation of 0.88 to the broad based SPY ETF.
QQQ has a market cap of $320.80 billion. This is considered a Mega Cap stock.
In the last 3 years, QQQ traded as high as $539.15 and as low as $254.26.
QQQ has outperformed the market in the last year with a return of +30.6%, while the SPY ETF gained +27.3%. In the last 3 month period, QQQ beat the market returning +5.9%, while SPY returned +3.1%. However, in the most recent 2 weeks QQQ has underperformed the stock market by returning -1.5%, while SPY returned -1.0%.
QQQ support price is $518.42 and resistance is $530.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QQQ shares will trade within this expected range on the day.